Coventry announces reductions to majority of fixed rates

Rates have reduced by up to 17bps at LTVs up to 95%.

Related topics:  Mortgages
Rozi Jones | Editor, Barcadia Media Limited
21st November 2023
Coventry
"here are new buyers out there who are looking to step onto the ladder, and existing homeowners who need to secure their next deal, and brokers are the ones they’ll turn to."
- Jonathan Stinton, head of intermediary relationships

Coventry for intermediaries has reduced the majority of its fixed rates, with residential rates reducing by up to 17bps.

Rates at 90-95% have been reduced with a view to help first-time buyers, with selected products offering £500 cashback.

Highlights include a two-year fixed rate at 95% LTV, down to 6.29% with no product fee and £500 cashback.

At 65% LTV, a five-year fix has reduced to 4.85% with a £999 product fee, available for residential remortgage with the option of £350 cashback or Remortgage Transfer Service.

Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “We may be entering the final few weeks of the year, but brokers are still hard at work for their clients. There are new buyers out there who are looking to step onto the ladder, and existing homeowners who need to secure their next deal, and brokers are the ones they’ll turn to.

"Our latest reductions and our range of two, three and five-year rates, helps give brokers what they need to take care of their clients.”

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